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Bangalore- 560100, India
Journals and Book close , Month Close/ Year Close
While Big organizations close books monthly, Still Small and Medium organizations close ‘Yearly’ (once in an Year).
In Nextgen AIS we have Automated many tasks , so that Small and Medidum organizations too , can close books ‘Monthly’ and
can see Results monthly.
- Flexibility to upload Journals through Excel.
- Automatic Expense accruals (Based on Purchase orders issued).
- Unbilled Revenue recognition based on Timesheets.
- Revaluation of Monetary assets & Liabilities in a single click.
- Automatic ‘Prepaids Recognition’ and subsequent ‘Prepaids Amortization’.
- Auto ‘Deferred Revenue’ recognition and subsequent amortization.
- Auto ‘Deferred Expenditure’ recognition and subsequent Amortization.
- Realtime Valuation of Inventories like Finished Goods , Raw Materials , Wip , Scrap , By Products etc
- Auto Entries Recording for “Cost of Goods Consumed” in Manufactrure Process.
- Auto Entries Recording for “Cost of Goods Manufactured ” in Manufactrure Process.
- Auto Entries Recording for “Cost of Sales ” , When Goods are Actually Sold, I.e For Materials once you raise Sales Invoice , Automatically recognises Cost of that Item/Material as Cost of Sales , So in Profit and Loss you can see your Net Profit/Loss.
- Auto Entries Recording for “Cost of Services” , Based on Timesheets for Service Entities.
